Overview
Raised: $99,625
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/02/2022
Close Date
04/30/2022
Min. Goal
$50,000
Max. Goal
$200,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,145
# of Investors
101
Momentum
Funded
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Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Kare Mobile, with a valuation of $8 million, is raising funds on Wefunder. The company is revolutionizing the dental care industry with its proprietary software. The software connects Medicaid patients to dentists for same-day treatment. Kare Mobile has formulated a $500,000 partnership with Delta Dental and Lightship Foundation and has helped launch seven mobile dental clinics in 2021. Kwane Watson founded Kare Mobile in May 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $200,000. The campaign proceeds will be used for marketing, expansion of the fleet of vans, SEO and landing page development, and legal expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$656,874 |
$281,668 |
|
COGS |
$76,760 |
$54,095 |
|
Tax |
$8,844 |
$0 |
| ||
| ||
|
Net Income |
$-79,427 |
$-91,657 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$44,324 |
$14,926 |
|
Accounts Receivable |
$216,983 |
$141,733 |
|
Total Assets |
$613,105 |
$281,386 |
|
Short-Term Debt |
$159,957 |
$117,946 |
|
Long-Term Debt |
$724,277 |
$270,584 |
|
Total Liabilities |
$884,234 |
$388,531 |
Financials as of: 02/02/2022
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